Jack Ma was about to compete with communist owned banks. It may put them out of business. Hence he must be put to sleep.And you think the people like Jack Ma, Chang Wei (Didi Chuxing) and the likes of those rich entrepreneurs whose companies (like those in educational, tuition centres and lately gaming) are happy being targeted by the CCP in their recent clampdowns? I doubt so. They are but being forced to comply to the CCP regulations or to fold up. Jack Ma's ANT IPO being forced to abandon at the last minute is definitely a very bitter pill which he had to swallow.
Furthermore, setting up your own business in China carries a very high risk of being "hijacked". Their people may work for you for a year or two to learn your trade/skills and then they will combine amongst themselves to fund and set up a similar kind of business to compete directly with you in terms of cheaper costs. You'll die cock-standing if you are not ingenious and also must always be one-step ahead of these people.
Another reason why the Singapore-Suzhou Industrial Park (SIP) project eventually failed because they had set up an exact replica SIP just next to the one built by Singapore and called it the New Suzhou Industrial Park. And they compete directly by offering to lease to companies at half the price of the original SIP. When LKY complained to Beijing, they reverted that there's nothing much they can do since it is within their local municipal government's control and jurisdiction. What the fuck is the Central Government for if I may ask?
Also, the Singapore investment in Tianjin is now but a White Elephant project.
This is to stifle its own private entrepreneurism. If commie owned banks cannot compete, then they have to reinvent themselves in order to regain their share, not to forcefully silence their private enterprises. But then again, this is China and everything is decided by the one and only, Winnie.Jack Ma was about to compete with communist owned banks. It may put them out of business. Hence he must be put to sleep.
Who’s calling me? I don’t receive $0.50 for my posts. What I can tell you is my company’s growth is all driven by Chinese conglomerates (as in my European employer, not my own investment). An among MNCs, anyone who is not thirsting for Chinese business are considered fools. Unless you are AWS, Microsoft, Google or FB…. Anyone else who is not courting Chinese business is courting death. So political inclinations aside, if you’re still thinking China is like the Mao era, you probably haven’t got a real job before. Clueless if I may call it.
ccp kpkb about bbc covering floods in henan. they say bbc puts them in poor publicity and a bad light. disaster must also praise and lie that nothing but great thing happens.
And you think this doesn't happen in Sg? My toes laugh.